«DEMOGRAPHIC DIVIDEND» AND THE FUTURE OF AFRICA
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«DEMOGRAPHIC DIVIDEND» AND THE FUTURE OF AFRICA
Annotation
PII
S0321-50750000617-4-1
Publication type
Article
Status
Published
Pages
23-30
Abstract
Development of the world economy in the early twenty-first century was marked by tectonic shifts in the balance of the leading economic centers of power. The most important change in the existing economic model of the world has been the rise of large developing countries, which have become a kind of locomotive of world development.Rapid population growth in Asia and Africa over a decade or two will shift vector of international trade and global financial flows vector in the direction of these continents. Growth of the economically active population in the developing countries and its reduction in Western countries over time will increase the share of the first in the world production of industrial products and, ultimately, will contribute to the growth of exports from Asian and African countries in the Western states, which will reduce the share of trade between by the developed countries.Calculation of GDP at purchasing power parity (PPP) suggests that in the period from 2012 to 2050, the top of the list of countries with the fastest growth rate of the economy will be the largest in terms of population African country - Nigeria.
Keywords
Africa, developing countries, demographics, geo-strategic rivalry, social instability
Date of publication
01.11.2014
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0
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304
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